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The Right Honourable
The Lord Desai
Meghnad Jagdishchandra Desai
10 July 1940
Vadodara, Baroda State, British Raj (now Gujarat, India)
Ramnarain Ruia College
University of Mumbai
University of Pennsylvania
Meghnad Jagdishchandra Desai, Baron Desai (born 10 July 1940) is an Indian-born, naturalised United Kingdom economist and Labour politician. He unsuccessfully stood for the Speaker in the British House of Lords in 2011, the first ever non-UK born candidate to do so. He has been awarded the Padma Bhushan, the third highest civilian award in the Republic of India, in 2008.
Born in Vadodara, Gujarat, India, Desai grew up with two brothers and one sister. He is said to have gone to secondary school at age seven and matriculated at 14. He secured a bachelor's degree from Ramnarain Ruia College and then pursued a master's degree from the University of Mumbai, after which he won a scholarship to University of Pennsylvania in August 1960. He completed his PhD at Pennsylvania in 1963.
Currently, he is chairman of the Official Monetary and Financial Institutions Forum (OMFIF) Advisory Board, an independent membership-driven research network. It focuses on global policy and investment themes for off the record public and private sector engagement and analysis.
Previously, he has worked as an Associate Specialist in the Department of Agricultural Economics, University of California, Berkeley, California. He then became a lecturer at the London School of Economics in 1965. At the LSE, he taught econometrics, macroeconomics, Marxian economics and development economics over the years.
He wrote his first book Marxian Economic Theory in 1973 followed by Applied Econometrics in 1976 and Marxian Economics, a revised edition of his 1973 book in 1979. He wrote Testing Monetarism, a critique of monetarism, in 1981.
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